Raymond Group to Invest ₹1,200 Crore in Andhra Pradesh Amid Rising Industrial Push

Amid a surge in industrial interest in Andhra Pradesh, Raymond Group has announced plans to invest ₹1,200 crore in the state. The move marks a significant milestone in the company's diversification journey, aligning with the state government’s efforts to attract large-scale investments across sectors, including aerospace, textiles, and renewable energy.

Raymond Diversifies with a Focus on High-Precision Manufacturing

Raymond’s proposed investment will focus on garments, auto components, and aerospace manufacturing, as per the Moneycontrol news report. The plan is in line with the company’s broader diversification strategy into engineering, defence, and high-precision sectors. Raymond had earlier entered the aerospace and defence segment in November 2023 through the ₹682 crore acquisition of a 59.25 per cent stake in Maini Precision Products.

This announcement coincides with Andhra Pradesh’s aggressive push to foster industrial activity. The government is offering capital subsidies of up to 30 per cent and a 100 per cent electricity duty exemption for 10 years. It's reported by Moneycontrol that Chief Minister N Chandrababu Naidu is prioritising the development of the Andhra side of the Bengaluru border as an aerospace corridor.

Adani Leads Investment Surge as SIPB Clears ₹28,546 Crore in Projects

Raymond’s proposal is part of 19 industrial projects approved at the 7th meeting of the State-Level Investment Promotion Board (SIPB), totalling ₹28,546 crore. A major share of this comes from the Adani Group, which has committed ₹18,910 crore across various initiatives.

These include a ₹8,010 crore renewable energy project in Kadapa by Adani Renewable Energy Fifty One, and additional investments worth ₹10,900 crore by Adani Hydro Energy Four and Adani Hydro Energy One across multiple districts. These projects are expected to create around 10,500 jobs in the state.

Read More: RBI Streamlines T-Bill Investments with New Auto-Bidding Feature!

Raymond Share Price Performance 

As of 24 June 2025, 12:30 PM, Raymond shares are trading at ₹600.60 per share, a 0.08% decline. Over the month, the stock has declined by 4.27%.

Conclusion

Raymond’s strategic investment, alongside major contributions from groups like Adani, reinforces Andhra Pradesh’s emergence as a promising industrial hub. With strong government incentives and infrastructure vision, the state is positioned to attract cutting-edge industries and create significant employment opportunities.

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